I only recycle my capital if the capital gain exceeds 3 years worth of dividend AND yields below my target. Then I will sell and wait to collect lower... within 1.5 years

This post has been edited by gark: Mar 9 2017, 01:48 PM

And.. I stand ready with a bucket to collect.. if it falls further to last Nov lows

Unfortunately cannot see it in the market yet.. REITs are still resilient.. especially MY ones

This post has been edited by gark: Mar 10 2017, 11:09 AM

Its not about the loans, MY and SG loans interest rate are not expected to change much...

It is about the MY10Y and SG Savings Bonds.. if these RISK FREE investment's yield goes up, together with the US rates, then the yield obtained from REITs which carries risk will need to be adjusted upwards.

If everyone expect it to fall and want to buy more... who will want to sell?

Need panic first..

No panic means no sale.. too many hints given by Yellen..

If rate hike, the hiking currency USD will jump.. but looking at current market looks like muted response...

Need more panic..

That is the beauty of forex.. it is unpredictable, because you never know what the central banks are going to do.

Big does not always means good...

I said .. not always...

I like FCT, so so for CMT..

You can buy saizen now, it will RTO for sime darby aussie assets tho..

This post has been edited by gark: Mar 10 2017, 11:20 PM

I think CMT properties do not have much potential to have positive rental revision. Dpu is also mostly flat. But still ok for now.

RTO is reverse take over, where a company take over an empty listed company and inject properties. It will be likely a share reverse split and follow by a big rights issue. RTO can only fail if dont get shareholder approval.

I have not follow saizen for some time so i am not familiar with the details.

This post has been edited by gark: Mar 10 2017, 11:37 PM

That is under FCOT, not FCT.

For HP, more or less FCOT will lose them at end of contract.

More or less confirm, and already reflected in the price.

Yield too low for my taste..

Due to MAS relaxed property purchase rules last friday, a mini boost to property related counters including REITs.

All these interest rate hikes have the complete opposite effect..on bonds and REITs

This bubble is going to blow up soon..

Just wait for it.

Not SG reits, but bonds and MY reits..

SG reits is still ok... for now.

Reits are always measured by the yield premium compared to government 10Y bond. I would say if they are in bubble, the the yield premium compresses.

For SG the yield premium is still very healthy.

For MY already koyak.. 10Y Bond yield 4.2+%, most MY REIT yield is 4.5+%

For fair value, (my version, not official version, dont blame me if you lose money )

Very good REITs should have premium between 1.5%-2%

Moderate REITs should have premium between 2%-4%

Poor quality REITs should have premium >4%-6%

Why compares against government bond? Because 10Y government bond is more or less guaranteed yield with zero risk, used to compare against REITs with more risk (tenancy, renewal, forex, interest rate risk etc), Both also give consistent income and the bond is capital guaranteed too...

This post has been edited by gark: Mar 17 2017, 10:26 AM

That question is the golden question.. it depend on the risk you want to take.

Local reits not much foreign holdings, mostly local funds like ASB, EPF etc..

I think the local funds is getting too big, no where else to put their money, so any yield just sapu all...

Also retailers all chasing the dragon too.. more for capital gain..